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Kridex (Kridex.com) is a cruel Forex broker platform to hit the lucrative Forex trading world. With over the moon promises, KRIDEX has managed to con people all over the world. Josh sent us a disturbing email on how he lost over $150,000 with this platform in under an hour. This prompted us to conduct a thorough investigation regarding this broker. Read this unbiased and honest review to find the truth.
What these scammers have done is come up with an eye-catching website that looks real. After all, it’s what scammers do best, grab your attention immediately. These scammers know that its easy to fall for a website that’s well designed. A picture of a man who has a tailored suit will make you want to be him. Note that some of these pictures are simply photo shopped to make homepage appear legit.
Promises are the next recipe scammers use to scam newbie Forex investors. Over the moon promises such as making more money within a short period of time. Everyone wants to make money fast and lots of it. This is what scammers take advantage of. They know that users will do anything to get quick money thus, create an impression they will. And the trap is finally set in motion once you sign up.
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Disclaimer at the bottom of the page claims that KRIDEX is owned by Quantix FS Limited. Note that the same disclaimer shows that the company is located in Seychelles. This means that we are dealing with an offshore broker. Offshore brokers are notorious for flaunting rules and regulations. They never follow set rules and regulations such as having a compensatory scheme for members.
Anonymity is one thing that help scammers thrive. Have you noticed that there’s no mention of real people behind Kridex? What about the people tasked with creating and developing this platform? There’s simply no mention of the people or company that created this platform. Its crystal clear we are dealing with a professional scam outfit.
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Offshore brokers are never regulated by relevant financial regulatory bodies. This makes them a dangerous and risky partner to trade with. What we did to confirm the validity of this platform was contact the relevant authorities. FCA who claimed never to have heard of Kridex. CySEC also claimed to be on the verge of banning this platform.
According to the disclaimer at the bottom of the page, Kridex is apparently registered with FSA. This is Seychelles Financial Services Authority. Folks, this is just a fake claim to make you believe that they are real. Registration number they claim to have is also fake. These scammers have used SD021 as their registration number. FSA clearly made a press statement denouncing Kridex and its partners.
What we did to confirm whether their platform worked as they claimed was to download their MT4 platform. MetaTrader4 is the most popular Forex trading platform and you would expect it to work. Funny thing is that it did not work with KRIDEX. All our devices could not be compatible with their platform which was rather odd. Also, download never really took off as it failed to complete.
This was clear evidence that we are dealing with an unstable platform. Unstable platforms are a recipe for disaster since they are prone to hacks. Hackers use advantage of this anomaly to steal credit card information as well as your personal data information. Why? It’s believed that they are in league with hackers to steal credit card details.
Would you be shocked to realize that even their demo account is a hoax? One might think that this is a good idea but it really isn’t. Scammers make sure that all your trades are 90% successful. Once users make over 90% successful wining trades, they will believe that this platform works. Next thing users will do is open a real account with Kridex.
Anyone who opens an account with this fake platform will lose their money. Their real account is opposite of what you expect. Members have been complaining that even after making sure trades, they still lose. This means that this platform is in bed with other dirty brokers to swindle users of all their hard-earned cash. Stay away from this platform and sign up with recommended brokers only.
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Kridex offers users with three different account types. One can choose to use Classic, Pro, or VIP account. Pro account holders make a minimum required deposit of $100 while VIP is |$15,000. There are no visible perks to any of these accounts and they all have the same advantages.
Only notable difference is that classic account holders don’t get any commission. This means that Kridex is participating in a bonus and commission scheme. This is clear evidence that we are dealing with a certified scam. Stay away from this fake platform or lose money as Josh did within a matter of minutes.
What we did was make contact with their live chat support team. One can easily see they have a live support chat service at the bottom left side of their homepage. Problem with this is that we did not get any response the entire time we did our investigation. Support agent doesn’t work and this means that users are on their own. Real reason why this is not working is owners want to remain anonymous.
Kridex is a Forex scam that has swindled thousands of dollars from investors. From their level of anonymity to fake promises, this is surely a scam. Make sure you mark all their emails as Spam and ignore all links. Stay away from this brokerage firm to stay ahead of the pack.
Evidence produced clearly shows we are dealing with a team of professional scam artist. Best thing is to stay clear from these scam artists. Only option we have is to blacklist Kridex as the dirty scam it is. Simply put, this is a dirty broker that should be investigated by the authorities. There’s no way investors should deposit money with this platform.
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One Reply to “Kridex Review: Kridex.com Dubious Forex Broker Scam Unearthed.”
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Customer service is good, chatting with a customer care representative is easy, the icon is readily available on the site and reply is usually instant, they are aiways readily available to assist when I need it. Trading forex, commodities and indices CFDs on kridex platform has also been fine and comes with no regret. The leverage offered is as high as 1:500 and they offer three account types but I use the pro account. Spreads are tights and the broker also keeps the money securely based on somethings I saw on their website. The broker also offers VPS services and it has been so helpful in trade execution